Team Blitz India
NEW DELHI: Strong economic growth, moderating inflation may prompt the Reserve Bank of India (RBI)to keep the repo rates on hold.
Strong economic growth and moderating inflation means India’s central bank will have room to keep interest rates on hold at its review this week and likely until July, economists say.
The RBI is widely expected to keep rates unchanged on April 5, for the seventh consecutive meeting.
All 56 economists in the March 15-22 Reuters poll expected the RBI to hold the repo rate at 6.50% while most expect no change at least until July.
The RBI has ample room to remain on hold in the near term, Barclays said in a note.The central bank last changed rates in February 2023, when the policy rate was hiked to 6.5%.
